Bitcoin BTC holders have increased their profit-taking activity since the cryptocurrency's price averages flashed a key bullish signal two weeks ago.BTC's 50-day simple moving average (SMA) crossed above its 200-day SMA on May 22, confirming a golden cross – a technical indicator signaling bullish long-term momentum, according to data from TradingView. On the same day, bitcoin's price hit a record high above $111,000, according to CoinDesk data.Still, holders are increasingly locking in gains rather than holding for further upside, according to on-chain data tracked by Glassnode
source: https://www.coindesk.com/markets/2025/06/04/bitcoin-profit-taking-speeds-up-post-golden-cross-hourly-btc-cashouts-top-usd500m-blockchain-data-show